Surplus Property Auction Saturday

LEXINGTON, Va., Oct. 22, 2013 – VMI will conduct a surplus property auction open to the public on Saturday, Oct. 26, beginning at 9 a.m. at the old Kmart building in the Stonewall Square Shopping Center.

A preview will be held Thursday, Oct. 24, from 8 a.m. to 4 p.m. Items may also be viewed beginning at 7:30 a.m. the day of the sale.

Items to be auctioned include a Steinway and Sons grand piano and a pool table with accessories. There will also be paper shredders, file cabinets, storage cabinets, and shelves, along with tables and chairs of many kinds. A large number of Dell laptop and desktop computers will be available, along with flat screen monitors, Hewlett-Packard laserjet printers, Palm Pilots, and Xerox copiers.

This auction includes many sports-related items including softballs, rugby shirts, football equipment, baseball gloves and bats, and field hockey sticks.

Light fixtures, electrical and plumbing supplies, push mowers, leaf blowers, and rolls of barbed wire will also be offered for sale. Science lab equipment, including a number of oscilloscopes, will be included in the auction offerings as well, along with a number of hospital beds.

A full listing of auction items to be offered follows at the bottom of this posting.

All purchases must be paid for in full on the date of the auction, no later than a half-hour after the close of the auction. Payment may be made by cash, cashiers check, Visa, Mastercard, travelers checks, or money order. In-state personal or company checks will be accepted up to $500. Out-of-state checks must be accompanied by a bank letter of guarantee.

All items purchased must be removed from the sale premises within three days of the sale. Those not removing items purchased within three days will be required to pay a storage fee.

For items not picked up within 20 days after the auction date, VMI Surplus Property reserves the right to retain the purchase price and re-sell the property, keeping any proceeds obtained.

Neither Virginia Military Institute nor the auction company guarantees or warrants the merchantability of any items. All items will be sold as is, with no expressed or implied warranties of any kind.

This auction will be conducted by Smith Reasor, auctioneer, of Rural Retreat, Va.

The VMI experience is framed by relevant education within a military environment. It’s an education that develops character, fosters a lifelong appreciation of physical fitness,engenders a sense of responsibility to others, and cultivates
the ability to master adversity.